European markets set for lower open after China's low inflation reading

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European markets are set to open lower, as investors digest a surprisingly low Chinese inflation reading and look ahead to key U.S. data and corporate earnings.

is expected to slide by around 48 points to 15,555 and France's CAC 40 is seen around 41 points lower at 7,071, according to IG data.Barclays has named several global stocks that are expected to do well as the usage of artificial intelligence related services evolves.

The investment bank acknowledged that hardware and infrastructure giants, most notably Nvidia and Microsoft, are currently capturing the immediate economic benefits. Still, over the long term, it could see businesses in the service sector cashing in significantly. Of the companies Barclays named, analysts expect two stocks to rise by more than 50% over the next 12 months

 

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